IL SB0604 | 2017-2018 | 100th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Provides that taxpayers (other than estates, trusts, partnerships, Subchapter S corporations, and farmers) are required to pay estimated tax if the amount payable can reasonably be expected to be more than $1,000 (currently, $500). Provides that corporations are required to pay estimated tax if the amount payable can reasonably be expected to be more than $400 (which is the same as current law).
Title
INC TX-ESTIMATED TAX
Sponsors
| Sen. Bill Brady [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-09 | Senate | Session Sine Die |
| 2018-09-30 | Senate | Chief Sponsor Changed to Sen. William E. Brady |
| 2017-03-17 | Senate | Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments |
| 2017-03-17 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2017-02-28 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Revenue |
| 2017-02-22 | Senate | To Subcommittee on Income Taxes |
| 2017-02-16 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2017-02-16 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Pamela J. Althoff |
| 2017-02-01 | Senate | Assigned to Revenue |
| 2017-01-24 | Senate | Referred to Assignments |
| 2017-01-24 | Senate | First Reading |
| 2017-01-24 | Senate | Filed with Secretary by Sen. Pamela J. Althoff |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 803 | Amended Code | Citation Text |
